4 Financial Benefits of Home Ownership

Home ownership may be one of the most familiar goals of adulthood, but there’s more than one reason why so many people flock towards this type of investment and leave the rental market behind. If you’re trying to decide if you should make the big plunge towards buying, here are some benefits of saving up for a down payment and finding the right place to settle in.

It’s More Economical

Many people eschew home ownership simply because it can be hard to wrangle together the funds for a down payment. However, while a monthly rental is money you’ll never see again, the money you put down on a mortgage is being invested back into your home, making for a solid investment you can capitalize on later.

Instant Tax Deductions

The interest that you pay on your mortgage payment can be one of the most tumultuous aspects of purchasing a home, but you may not know that you actually have the ability to deduct many associated costs on your taxes. From origination fees to property taxes, there are plenty of costs that go along with your home that can be claimed for a refund when tax time comes!

Paying A Lower Price

The real estate market fluctuates every day, but one thing is for the certain: the median price of a home is on the rise. While low inflation rates may not be ideal if you’re selling, they can mean a better deal if you’re delving into the market for the first time. Just remember, it’s important to buy a home you can afford as anything that goes beyond your budget is not a solid investment.

A Built-In Savings Account

It may be important to have liquid assets outside of the equity you have in your home, but many people struggle to pay off their home and save money at the same time. While saving outside of your monthly mortgage payment is still important, putting money down on a home is an act of investing, and it’s one you’ll likely make a solid profit on when you decide to sell.

There can be many financial benefits to renting in the short term, but purchasing a home is a more solid financial decision when it comes right down to it. If you’re considering a home and would like to know more about your options, please contact me for more information.

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174 E Palomino Way San Tan Valley, AZ 85143

$459,900

4 Beds

2 Baths

1,921 SqFt

Status Active

MLS # 6689071

Property Type Single Family Residence

Price Type --

Beautiful single-story home in golf course Community, Johnson Ranch. Kitchen upgraded with granite Counters & backsplash. Brand new luxury vinyl through the home. Neutral wall colors, Large RV gate, 2 car garage. Backyard features a large oversized lot with a beautiful sparkling pebble tech pool. Lots of amenities in the area including Community Heated Pool and Spa, Tennis & Pickleball Courts, Walking Paths and Playgrounds plus Pitch & Putt course. ,

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26310 N 131st Drive Peoria, AZ 85383

$459,900

3 Beds

2 Baths

1,820 SqFt

Status Active

MLS # 6690392

Property Type Single Family Residence

Price Type --

Welcome to Rancho Cabrillo Subdivision in North Peoria, nestled between Lake Pleasant and the White Tank Mountains where the sunset glow dances across the natural beauty of the Arizona desert landscape. With 1820 sq. ft. of interior living space, 3 BED + Office/Den, 2 Baths and a 2 CAR Garage. Open concept main living area, crisp light gray color pallet with white trim and doors. Stylish multi-color wood look plank ceramic floors that compliment any decorating style. Open concept kitchen, dark espresso cabinets, black/white granite countertops, pendant lighting, stainless steel appliances package and a walk-in pantry for all your storage needs. Open master suite with updated ceiling light/fan fixture and can lighting. Master Bath features double sinks, a large tiled shower with seating and a walk in closet. 2 additional bedrooms, a full bath plus a spacious front Office/Den, that makes a great flex space for work, family or guests. Step out back and take a deep breath, property backs up to a green space, low maintenance with a paved covered patio and seating area, green space for pets or games. Neighborhood mountain views, close proximity to 303 freeway access, 10 minutes to TSMC, shopping, dining, entertainment, health care, and less than 20 min. away from beautiful Lake Pleasant Regional Park.

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8534 E Navarro Avenue Mesa, AZ 85209

$459,900

3 Beds

2 Baths

1,729 SqFt

Status Active

MLS # 6693497

Property Type Single Family Residence

Price Type --

Beautiful 3 bedroom home plus a den in great neighborhood! You get Gilbert's great Schools but pay Mesa's low taxes! Amazing kitchen has granite countertops, double ovens, gas cook top, white painted raised panel staggered cabinets, built in micro & under cabinet lighting. Home has beautiful wood tile flooring throughout, upgraded baseboards, NEW DUAL PAINE VINYL WINDOWS 2019, high end Pella double doors with built in blinds, ceiling fans, canned lights, neutral paint, vaulted ceilings. Open & spacious floorplan! Den could easily be used as 4th bedroom. Great backyard with covered patio, 3 citrus trees (lime, lemon & grapefruit) & large grassy play area. Great location just down the street from a large park, super close to both the 202 & US 60 freeways & plenty of shopping/entertainment!

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864 S 80th Street Mesa, AZ 85208

$459,900

3 Beds

2.5 Baths

1,984 SqFt

Status Active

MLS # 6684531

Property Type Single Family Residence

Price Type --

Welcome Home! Beautiful Home in Fountain of the Sun in a Gated Active Adult Community in Mesa, Furnished, 3 Bedroom 2 1/2 Bath, Updated Kitchen w/ Soft Close White Cabinetry, Large Pantry Area, Granite Counters and Stainless Appliances, Large Open Floor Plan with Tile Flooring , Primary Bedroom w/Walk-In Closet, French Doors & Updated Bathroom w/ Walk-In Shower, 2 Guest Bedrooms w/ Updated Guest Bathroom w/ Walk-In Shower, Carpet in the Bedrooms, Large Laundry Area w/ Wash Sink and 1/2 Bath, Storage Room, Updated Dual Pane Windows, New Roof (2019), New Water Heater (2024), Beautiful Covered Back Patio Area (10' by 30'') with Fenced in Yard Great for Entertaining, Terrific Front Courtyard!

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